Insurance companies are anticipating claims of at least Rs 500 crore from the incessant rains and flooding in Chennai. Motor insurance would account for the largest amount of claims and public......
Months after the BJP government sacked most of the independent directors at top oil PSUs, the boards of blue chip firms like ONGC and GAIL are functioning with most of those positions still lying......
Petroleum Ministry has asked Reliance Industries to stop sale of crude oil from KG-D6 block to its affiliate Jamnagar refinery, saying it was not an arms- length sales. The Ministry wants to deduct......
Diesel rates had gone up by Rs 12.55 a litre between June 7, when oil firms resumed revising prices in line with cost, and July 25. Diesel price on Thursday was cut for the first time in close to......
Indian Oil Corporation Ltd, country's largest refiner, plans to invest Rs 50,000 crore (Rs 500 billion) in expanding its existing refineries and setting up a new one on the west coast.With the......